SBJ P.O. Box 766 Saratoga Springs, NY 12866
SARATOGA BUSINESS JOURNAL
VOL. 28 NO. 03
HH The Business Newspaper of Saratoga County HH
PRSRT STD U.S. POSTAGE
PAID
GLENS FALLS, NY 12801 PERMIT #600
MAY 2023
www.saratogabusinessjournal.com
Saratoga Springs Water Co. Moves Into Large GlobalFoundries Buys Property It Will Need Arnoff Global Logistics Warehouse In Malta For Its Planned Expansion In The Future
Arnoff Global Logistics celebrated its expansion at 10 Stonebreak Road in Malta with a ribbon cutting, presented by The Chamber of Southern Saratoga County and Saratoga County Chamber of Commerce. BY CHRISTINE GRAF Saratoga Springs Water Co. recently signed a multi-year lease to occupy 75 percent of the space in Arnoff Global Logistics’ new 120,000-squarefoot warehouse in Malta. Known for its distinctive blue bottles, the 150-year-old water company was acquired by Blue Triton Brands in 2021. Earlier this year, Saratoga Water became one of the sponsors for the television show “Top Chef: World All Stars.” “We leased space in our warehouse to Saratoga Water for them to be able to maintain inventory of both raw materials and finished product,” said Arnoff Global Logistics President Mike Arnoff. The warehouse is located at the company’s sprawling 40-acre headquarters on Stonebreak Road. Since purchasing the property from Racemark International in 2016, Arnoff Global Lo-
Courtesy Arnoff Global Logistics
gistics has expanded the campus to include office space, multiple warehouses, and a truck garage. The newest warehouse had a price tag of $15 million. “Encompassing our campus, we have office space for companies. We have warehouse space to rent, we have Arnoff-managed warehouse space to operate in, and we provide a multitude of different services for our clients in a campus setting,” said Arnoff. “We provide services inside of our buildings so that manufacturers can focus on manufacturing. They can let us do the warehousing, trucking, freight forwarding, and all of the services that go along with logistical performance in the supply chain.” Arnoff Global Logistics’ growth has been fueled by demand for its warehousing and order Continued On Page 6
GlobalFoundries purchased approximately 800 acres of additional land adjacent to its Malta manufacturing facility. Plans are in the works to build a second chip fab facility at some point. GlobalFoundries Inc. has completed the purchase of approximately 800 acres of additional land adjacent to its Malta manufacturing facility. With the purchase, which has been in process since early 2022, GlobalFoundries now owns the entirety of the approximately 1,110acre park, formerly known as the Luther Forest Technology Campus. With this additional land, GlobalFoundries has the flexibility to add manufacturing capacity and expand its footprint in New York state in alignment with customer demand, and provide space for further development with its ecosystem partners, the company said. The rate and pace of GlobalFoundries’s expansion in Malta will be aligned with market conditions, customer commitments, and U.S.
Courtesy GlobalFoundries
federal funding from the CHIPS and Science Act, officials said. “Semiconductors are essential to daily life, and are at the heart of the U.S. economy, domestic supply chains, and national defense. GlobalFoundries stands ready to play a key role in the implementation of the CHIPS Act, which will boost U.S. semiconductor manufacturing by creating a globally competitive framework,” said Steven Grasso, managing director of global government relations at GlobalFoundries. “This land purchase gives us the space and flexibility we need in the near-term to service the growing market demand for secure, reliable U.S.-made chips. This purchase also represents GlobalFoundries’ long-term commitment to New York and growing the semiconductor ecoContinued On Page 7
Construction Companies Are Involved Chamber Of Commerce Honoring Two At With Projects Large And Small This Season Annual Gala Set For Race Track ‘1863 Club’ BY R.J. DELUKE Construction season this year is seeing a variety of companies in the area involved in numerous projects, sizeable and otherwise, as business moves forward in spite of concerns about the economy. Mike Munter of Munter Enterprises in Middle Grove said 2023 “had a little bit of a soft start” in the Saratoga area, but “it seems like customers are seeing the growth and needing to expand.” “There are some supply issues” he said, and the labor pool is still a problem, as companies are trying to fill staffs to meet work loads. But Munter is encouraged by the workforce development initiatives in the area, by groups like BOCES, that are aimed at getting people interested again in the building trades careers. Jim Dawsey, president of MLB Construction Services LLC, said work in the Saratoga area has slowed a bit, but is still robust in the Capital District in general and northward to the Plattsburgh area. “We anticipate a very busy summer,” he said. MLB is involved in finishing up renovation and improvement of the backstage area at Saratoga Performing Arts Center. The work includes a new commercial kitchen for touring groups. All the dressing rooms and a lobby area
MLB did this expansion work at the Center for Integrated Science at Skidmore College. Courtesy MLB Construction Services LLC
have been renovated. They also built space behind the facility for three more tour buses and a private entry to get to the backstage area. There were also power and data lines set up therein. The new 3,000-square-foot medical facility Continued On Page 9
The Saratoga County Chamber of Commerce will host its annual gala at the 1863 Club at Saratoga Race Course, where the Chamber will honor Dr. William (Bill) Long and Richard Ferguson. Dr. Long is this year’s Joseph Dalton Community Service Award recipient and Ferguson as the 2023 Impact Sector Volunteer of the Year. This newly reimagined event, formerly the Chamber’s annual dinner, will take place on Thursday, May 11. A VIP reception will be held from 4:30-5:30 p.m., followed by general admission beginning at 5:15 p.m. All are invited to join the Chamber at its premier annual event featuring networking, hors d’oeuvres, cocktails and more. Long is one of the original founders of CAPTAIN Community Human Services and a significant force in the creation of what is now The Prevention Council of Saratoga County. Throughout his career as a psychologist, he has focused his professional work and volunteerism on creating services to energize and connect the community with the goal of improving the lives of children and families. “Dr. Bill Long epitomizes what the Joseph Dalton Community Service Award is all about,” Saratoga County Chamber of Commerce president Todd Shimkus said. “He’s humble, quiet,
Dr. William Long is this year’s Joseph Dalton Community Service Award recipient. Courtesy Saratoga County Chamber of Commerce
and yet a powerhouse facilitating discussions that lead to action. When I called him to share that he was selected, he had no idea that he was nominated and he asked me if there was someone else that we could select in his place. This Continued On Page 6